Italian Restaurant in Delaware with Strong Cash Flow-Well-Established

Description

This turnkey, family owned and operated Italian restaurant presents an exceptional opportunity for its next owner. It is located in a high visibility, high traffic area of Delaware. Since opening in 2014, the current owners have made significant improvements including kitchen and equipment upgrades and interior renovations, all of which have contributed to a growing reputation and profitability.Financial OverviewGross Revenue: 800,000Cash Flow: 150,000Inventory: 30,000 estimated and not included in list priceMenu and CuisineThe menu features traditional Italian cuisine with a modern twist. Premium ingredients are used, sourced both locally and internationally, including handmade pasta and family inspired house specialties.Property InformationSize: 4,559 sq ftDining Capacity: 80 seats in the main dining room, plus 14 seats at the full service bar and outdoor patio diningPrivate Dining: Soundproof private dining room suitable for groups of 12 to 14. This space provides a source of pre booked guaranteed revenue through special eventsKitchen: Updated with high quality equipment, full equipment list available upon execution of NDALiquor License: The current owners rent a liquor license which can be transferred to the new owners along with the businessParking: Ample customer parking available at the rear of the buildingAccess: Convenient front and rear entrancesLocation and DemographicsSituated in a busy retail center with neighboring office and retail tenantsExcellent accessibility to Route 202 and I 95Average daily traffic 9,981 vehiclesWithin a 5 mile radius population 168,353 households 69,000 plusWilmington population 70,898 according to the 2020 CensusThis is a rare opportunity to acquire a professionally managed and well respected restaurant with a strong foundation and significant growth opportunities for a new owner operator or investor seeking a solid hospitality asset in a growing market.Additional information available upon execution of NDA including CIM, equipment list, and financial data.